Airtel Africa, Standard Chartered Bank and MoneyGram Partner to Expand Financial Inclusion

Standard Chartered Bank and Airtel Africa have partnered to enhance financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services.

“Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their wallets, and access savings products amongst other services,” Sunil Kaushal, Regional CEO, Africa and Middle East said.

On the other hand, Standard Chartered’s corporate clients will be able to make fast and secure bulk disbursements, such as payroll payments, directly into the Airtel Money customers wallet.

“This reduces the risks associated with travelling long distances for cash payments and instead customers can go to any Airtel Money agent, kiosk, or branch to cash-out their funds,” Airtel said.

Mobile banking transfers between Airtel Money and Standard Chartered Bank are now live in Kenya, Tanzania, Uganda and Zambia. The telco provides services in 14 countries in Africa.

It also entered into a strategic partnership with  MoneyGram in line with the Group’s strategy of expanding the range and depth of Airtel Money offerings to drive customer growth and penetration.

The MoneyGram partnership builds on the momentum of existing partnerships with Mastercard and Western Union and combined with the recently announced extension of the partnership with WorldRemit will further accelerate the growth of our mobile money services.